Wall Street; Stocks Rally As Oil Prices Fall Below $50
Telegraph - Herald (Dubuque) › April 30, 2005
Linked as:
Telegraph - Herald (Dubuque) › April 30, 2005
Linked as:Summary
NEW YORK (AP) - Wall Street ended a volatile week with a big advance Friday as oil prices tumbled below $50 per barrel and jittery investors took solace in a pair of economic reports that eased their inflation concerns. The Dow Jones industrial average gained 122 points for the session, but the major indexes finished the week mixed.
A late selloff in crude futures helped Wall Street solidify its gains in an otherwise uncertain session. A barrel of light crude settled at $49.72, down $2.05, on the New York Mercantile Exchange, its lowest level since Feb. 18. Oil prices began the week above $55 per barrel.See the full content of this document
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Wall Street; Stocks Rally As Oil Prices Fall Below $50
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